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30 December 2024 | 7 replies
Moving forward in my commercial leases I will now include language making the placement of thermostats the landlords decision with additional language prohibiting the relocation.
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1 January 2025 | 4 replies
Prepare for additional costs: If you’re adding units, you’ll likely need to address the water meter situation and possibly upgrade utilities.
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3 January 2025 | 18 replies
Based on the info you provided, it seems like a no brainer to make it a rental.
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23 December 2024 | 25 replies
My original SFR was 1100sf and I added 2 units: an 800sf SB9 unit and a 750sf ADU (converted garage plus addition).
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13 January 2025 | 30 replies
In addition to what other said, because some landlords don't increase their rents every year.
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4 January 2025 | 25 replies
In addition cash flow is taxed annually.
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7 January 2025 | 9 replies
@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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11 January 2025 | 12 replies
Additionally, take time now to build relationships with reliable vendors and contractors; having a go-to network for maintenance issues will save you time and stress.
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7 January 2025 | 22 replies
If you want more info or agents to connect with in those areas, let me know!
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3 January 2025 | 7 replies
Further, he can extend his “grace” period a further 30 days by paying us an additional $50k.So far, we’ve collected two $50,000 payments in the last i0 days plus the $36,000, or $136,000.